TITLE

Year of the Rat

AUTHOR(S)
Vardi, Nathan
PUB. DATE
March 2008
SOURCE
Forbes Asia;3/24/2008, Vol. 4 Issue 5, p28
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses court cases against Sheldon Adelson filed by former partners who are claiming that he owes them some of the revenue from his casino concessions and subconcessions in Macau, China. Adelson, who owns 69% of the Las Vegas Sands, has hired lawyer Rusty Hardin to defend him from the allegations. In April 2008, a Las Vegas, Nevada jury will hear Richard Suen's claim that Adelson's company cheated him out of 2% of its Macau operation's net profit, plus a $5 million fee, in return for help in navigating the Chinese political hierarchy.
ACCESSION #
31791181

 

Related Articles

  • Las Vegas Sands loses bid to set aside judgment. Stutz, Howard // Las Vegas Business Press (10712186);12/15/2008, Vol. 25 Issue 50, pP15 

    The article reports that District Judge Michelle Leavitt has rejected the bid of casino operator Las Vegas Sands Corp. to set aside a $58.6 million judgment that a Clark County, Nevada jury has awarded to Richard Suen, a businessman from Hong Kong, China, following a six-week civil trial....

  • A gritty side of Las Vegas Sands. Ward, Matt // Las Vegas Business Press (10712186);4/23/2007, Vol. 24 Issue 17, p5 

    The article focuses on lawsuits against Las Vegas Sands and owner Sheldon Adelson which have shone a fight on events leading up to the company's casino expansion into Macau. The said lawsuits allege a series of broken promises and possibly questionable business practices by Adelum and top Las...

  • Adelson Takes the Stand. Stone, Peter H. // National Journal;5/10/2008, Vol. 40 Issue 19, p15 

    The article reports on the lawsuit filed by Hong Kong businessman Richard Suen against Las Vegas Sands, the company established by Sheldon Adelson. Suen claims that the Las Vegas Sands owes him millions of dollars for helping the company win a gambling license from the Chinese government to open...

  • Sands secures Singapore funds.  // Casino International;Feb2008, p8 

    The article reports on funding provided by Las Vegas Sands Corp. for the development of the Marina Bay Sands resort casino in Singapore. The credit funding amounted to almost 5.5. billion Singapore Dollars or $3.8 billion. The resort casino development project is expected to be complete by 2009...

  • THE GOD OF GAMBLERS. Osnos, Evan // New Yorker;4/9/2012, Vol. 88 Issue 8, p46 

    The article discusses the city of Macau, China, noting its large gambling industry, its role in financial corruption and organized crime, and its history as a former Portuguese colony. It discusses the history of gambling in Chinese culture, the roles of American casino operators in Macau, and a...

  • THE BRASS RING. Bruck, Connie // New Yorker;6/30/2008, Vol. 84 Issue 19, p43 

    The article discusses the political activities of multibillionaire Sheldon Adelson, particularly his support of Israel. Adelson was a supporter of Israeli Prime Minister Ehud Olmert but Olmert supports a two-state solution to which Adelson is opposed. Adelson's interest in operating a casino in...

  • Despite difficulties and competition, outlook bright for Singapore's resorts. Jalal, Kareem // International Gaming & Wagering;Jul2007, Vol. 28 Issue 7, p22 

    The article assesses the growth of developments for casino-resorts in Singapore. The trend is highlighted by a bid to build and operate a casino at Marina Bay, which was won by Las Vegas Sands Corp. (LVS) and would be the first of Singapore's two planned casino-centered integrated resorts (IR)....

  • Venetian Las Vegas unveils new high-end slot salon.  // Casino Journal;Apr2013, Vol. 26 Issue 4, p7 

    The article offers information on the remodeled Venetian Las Vegas casino owned by American casino and resort operator Las Vegas Sands Corp. situated in Las Vegas, Nevada.

  • Venetian Resort in Las Vegas Operator Agrees to Return $47 Million In Exchange for Non-Prosecution in Suspicious Circumstances Related to Alleged Narcotics Dealer. Zagaris, Bruce // International Enforcement Law Reporter;Jan2014, Vol. 30 Issue 1, p6 

    The article reports that Las Vegas Sands Corp., operator of the Venetian-Palazzo hotel complex in Las Vegas, Nevada, will return 47,400,300 dollars to the U.S. government. In exchange, federal prosecutors decided not to prosecute the casino for not being able to file Suspicious Activity Reports...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics